4,800 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd purchased a new position in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,800 shares of the business services provider’s stock, valued at approximately $2,893,000. Cintas accounts for approximately 1.2% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Cintas by 5.5% during the third quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock worth $1,131,615,000 after purchasing an additional 123,468 shares during the period. Invesco Ltd. raised its position in Cintas by 17.4% in the third quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock worth $493,331,000 after acquiring an additional 151,783 shares in the last quarter. Northern Trust Corp raised its position in Cintas by 7.6% in the third quarter. Northern Trust Corp now owns 1,008,632 shares of the business services provider’s stock worth $485,162,000 after acquiring an additional 71,482 shares in the last quarter. Morgan Stanley raised its position in Cintas by 1.9% in the third quarter. Morgan Stanley now owns 823,280 shares of the business services provider’s stock worth $396,007,000 after acquiring an additional 15,053 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Cintas by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock worth $360,637,000 after acquiring an additional 85,662 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several research analyst reports. UBS Group increased their price objective on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Robert W. Baird increased their price objective on Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Royal Bank of Canada raised their price target on Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Cintas from $629.00 to $726.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Trading Up 0.1 %

NASDAQ:CTAS traded up $0.98 during mid-day trading on Friday, reaching $666.23. The company’s stock had a trading volume of 274,164 shares, compared to its average volume of 368,220. The company’s fifty day simple moving average is $648.22 and its two-hundred day simple moving average is $593.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. Cintas Co. has a twelve month low of $440.01 and a twelve month high of $704.84. The stock has a market cap of $67.54 billion, a P/E ratio of 46.01, a P/E/G ratio of 3.90 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the company earned $3.14 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Cintas Co. will post 14.95 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, May 14th. Cintas’s payout ratio is 37.29%.

About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.